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ING Vysya MF AUM crosses Rs 5,000cr

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Announcement Mutual Fund
In keeping with the global pedigree of the largest financial services provider in the world*, ING Vysya Mutual Fund is following the footsteps of ING Groep NV and has crossed the Rs 5,000 crore mark as on September 5, 2006. This is a significant achievement across an investor base of 1.5 lac investors, a sturdy network of 34 branches and sterling scheme performances coupled with a consistent dividend distribution policy.
 
ING Vysya Mutual Fund was established in India by ING Groep "� the world's largest global corporation. Headquartered in Amsterdam, Netherlands, ING Groep is present in over 50 countries across the world, with more than 117,000 employees and total assets exceeding Euro 1159 billion (Source: www.ing.com, December, 2005). ING Vysya Mutual Fund brings with it the vast international experience and professional expertise of the ING Group, who are world leaders in Banking, Insurance and Asset Management.
 
ING Vysya Mutual Fund believes in providing investors with the most practical and secure investment opportunities to invest their valuable savings. This is combined with a range of innovative options to deliver optimum returns combined with a high degree of security.
 
The performance of the Sponsor has no bearing on the expected performance of the mutual fund or any of its schemes.
 
ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in 50 countries. With a diverse workforce of over 113,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.
 
Statutory Details: ING Vysya Mutual Fund has been constituted as a Trust by the ING Group, and the Board of Trustees has appointed ING Investment Management (India) Private Limited as the Investment Manager to the Mutual Fund.
 
Risk Factors: Mutual Funds and securities investment are subject to the market risks, and there is no assurance or guarantee that the objects of the Schemes will be achieved. As with any investment in securities, the NAV of the units issued under the scheme can go up or down depending on the factors and the forces affecting the capital markets. Past performance of the Sponsors/ Mutual Fund or their affiliates does not indicate the future performance of the Scheme. The Sponsors and associates are not responsible or liable for any loss resulting from the operation of the Scheme beyond the initial contribution of Rs. 1 lakh made by them towards setting of the mutual fund. ING Vysya bank, a shareholder in ING Investment management (India) P. Ltd is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.

(* Source: Fortune Global 500,July, 2006)

 
 

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First Published: Sep 06 2006 | 12:00 AM IST

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